TAQA Arabia, Hassan Allam break ground on EGP 1.35 bn Benban solar plant
Qalaa Holdings subsidiary TAQA Arabia and Hassan Allam Holding have begun constructing their EGP 1.35 bn, 50 MW solar power plant in Aswan’s Benban complex, Qalaa said in a statement to the EGX. The project is being finance by five international institutions, including the International Finance Corporation IFC, according to the statement. The power plant […]
Castrol, TAQA to establish Egypt JV for manufacture, distribution of engine oil
BP announced on Thursday that subsidiary Castrol will establish a joint venture with Qalaa Holdings’ TAQA Arabia to manufacture and distribute a range of engine oils in Egypt. The new company, Castrol Egypt Oil, will be the sole authorized distributor of Castrol products in the country and will target both the commercial vehicle and passenger car […]
Qalaa’s revenues up 22% y-o-y on back of strong growth from TAQA Arabia
Qalaa Holdings, a leader in energy and infrastructure, released today its consolidated financial results for the year ending 31 December 2017, reporting revenues of EGP 9,282.3 million, up 22% y-o-y on the back of strong growth from its energy subsidiaries, TAQA Arabia and Tawazon, as well as ASCOM, its operational platform in the mining sector. […]
EGAS grants preliminary approval for three companies to import natural gas privately
EGAS has granted three unnamed companies preliminary approvals on their requests to import natural gas privately and pump it through the national pipeline network, said EGAS Vice Chairman Amira El Mazni, according to Al Borsa. Five companies had bid to import natural gas privately, including Dolphinus Holdings — rumored to have been in talks to […]
TAQA Gas to supply Egyptian Black Sand Company with 1,300 cubic metres of gas per day
The Egyptian Black Sand Company (EBSC) signed a contract with TAQA Gas, a subsidiary of TAQA Arabia, to supply 1,300 cubic metres of gas per day to the black sand separation plant in Kafr Al-Sheikh. Major General Ashraf Soltan, chairperson of the EBSC, said that the company contracted with TAQA to provide the gas necessary […]
EGAS grants preliminary approval for Dolphinus & TAQA to import gas
Dolphinus Holdings and TAQA Arabia have both put in requests for licenses to import natural gas — presumably from our eastern neighbors — in addition to two other non-Egyptian companies, a government source tells Al Borsa. While EGAS did grant the companies a “preliminary approval,” the source notes that licenses to import gas cannot be […]
